The Special Economic Zones (SEZs) policy has come in the shooting zone and is facing strong criticism from a high level government panel. The panel said that the current SEZ policy is a case of not only ‘betting on the strong’ but is also providing a ‘special playing field’ for the already mighty companies. The [...]
Ratan Tata, the Chairman of the Tata Group has admitted that both the Corus and Jaguar Land Rover (JLR) acquisitions came at an inopportune time. Tata said in an interview that his company might have gone too far too fast for the two acquisition deals as nobody thought of the economic recession. Both the acquisitions [...]
Hindustan Unilever, the FMCG major has announced a hefty final divided of 400 percent or Rs 4 per share of value Re 1 each for the period of 15 months ended on March 31, 2009, starting from January 1, 2008. The company declared an interim dividend of Rs 3.5 per share in August, 2008, so [...]
The recession is deepening up and the worst hit aviation industry is experiencing some transformation as aircraft makers are moving towards service business. Airbus Industries and Boeing are trying aggressively to get into service business. Dinesh Keskar, the President of Boeing India said that they are moving towards service business considering the current environment. Boeing [...]
The arm of Reserve Bank of India (RBI) which instructs banks regarding the minimum standards of service will now pressurise the banks to spell out how they calculate interest rates on floating home loans. The Banking Codes and Standards Board of India (BCSBI) will make sure that the benefits of lower rates are passed on [...]
Satyam might be on the path of revival under the supervision of its new owner Tech Mahindra, but it has certainly lost some competitive value against Infosys, as the latter does not consider scam-hit Satyam in the list of its noteworthy competitors. Before the disclosure of Rs 7800 crore scam, Satyam had been a regular [...]
In the coming 100 days, the newly formed UPA government is expected to bring a cut of 2% in interest rates as part of the fourth stimulus package. As part of its attempt to pull the economy out of the dearth of disturbance, banks are to be asked to slice their lending rates. The export [...]
One of the major tasks the new government will have to focus on relates to the ‘surplus food grain stocks’, especially wheat.The options lying ahead for this task include ‘subsidy of exports’, ‘re-working on rules so as to cause an increase in buffer stocking’ and ‘pushing of stocks through PDS (Public Distribution System). On April [...]
The Centre should come up with a fiscal policy fast soon to bring back the fiscal state from an expansionary mode to balanced one. This task of consolidation has to be completed by September-October as the economy is believed to display some ‘back on track’ signs. Fiscal space of about 2% of nation’s GDP (Gross [...]
Several firms from Pharma, Telecom and consumer goods sector have started with picking people from ‘pink-slip’ holders. This is in the hope of getting suitable workforce to take their expansion plans ahead. The ‘number of vacancies’ presently stands at about 25,000 in areas like finance, human resource, marketing, sales and system administration. Andrew Heard of [...]